Top 5 Most Expensive Metals In the World, Check Their Latest Prices

Metals have been used extensively all across the globe. Metals account for nearly 25% of the earth's mass. Metals are used for various purposes that may include strength, conductivity, and construction, among others. We are aware that gold, silver, and diamond as one of the highly precious metals around us. But there are metals that are even more expensive than gold and diamond. These metals are rhodium, platinum, palladium, ruthenium, and gold. Their whopping prices will certainly leave you surprised. Check details below:

1. Rhodium: This is one of the most expensive metals on the earth. Nearly 80% of the world's rhodium has been mined in South Africa only. Rhodium is largely used in the form of catalysts in the chemical industry. It is used for making nitric acid, acetic acid and hydrogenation reactions, among others. The price of Rhodium is much higher than gold. According to moneymetals site, price of rhodium price per ounce is $4700.00 and per kilo price is Rs $151,108.51.

2. Platinum: The metal offers outstanding resistance against corrosion. It is widely and extensively used for jewellery. Platinum is also used for several types of weapons, dental equipment, and aeronautics as the metal offers high level of resistance. Platinum is extensively used for jewellery. Its significant use is also in catalytic converters for cars, trucks as well as for buses. It is popular for its stunning luster and shiny appearance. The price of per Ounce Platinum is $915.80 and per kilo is $ 29,443.65, according to moneymetals website.

3. Palladium: The metal was discovered way back in 1803. Palladium was named after the asteroid Pallas. It is quite hard and offers stunning resistance to scratches. It is used for catalytic reactions in industry that may include hydrogenation of unsaturated hydrocarbons. The price of palladium per ounce is $1037.05 and for 1 kg it is $33,341.93.

4. Ruthenium: It is largely found in the North and South America mountains. The metal is vastly used in the electronics industry in the form of a plating material for electrical connections. The price of per Ounce ruthenium is $4700.00 and per kilo is $151,108.51. It can be used in solar cells, that helps in turning light energy into electrical energy. Ruthenium has emerged as one of the most effective hardeners for platinum and palladium.

5. Gold: The yellow metal is witnessing a surge in prices and emerged one of the most sought after all across the globe. It is one of the most desired metals globally offers great durability and flexibility. Australia, China, and Russia figure in the list of top gold producers. The price of gold per ounce is $2,176.90 and per kilo is $ 69,988.96.